Escrow & TitleIntermediateAlaska Exam

In Alaska, the legal description in a deed must be sufficient to:

AInclude the street address and GPS coordinates

BIdentify the property with sufficient certainty that a surveyor could locate the exact boundariesCorrect

CMatch the description in the mortgage document exactly, as is typically expected in this situation

DList all improvements on the property

Why Identify the property with sufficient certainty that a surveyor could locate the exact boundaries Is Correct

Answer B: Identify the property with sufficient certainty that a surveyor could locate the exact boundaries

A legal description must be precise enough that a surveyor could locate and identify the exact property. Common legal description methods in Alaska include the U.

Exam Tip: Escrow & Title

Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.

Key Escrow & Title Terms in This Question

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

People Also Study

Key Terms to Know

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Deed of Trust

A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.

Easement

A non-possessory right to use another person's land for a specific purpose.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.